COI Question
This question was answered based upon current rules, regulations & statutes in effect on July 19, 2020 QUESTION We had a contractor do some work for us. I neglected to request a COI prior to the job. (I know I know ). There was no issue. Happy with the work. I just want a COI…
Live Classes Return to Milford – Starting Next Week!
Strict safety protocols are in place, our building is sanitized and rearranged for plenty of personal space, and our instructors are ready to inform and enlighten you… in person! MAIA’s gone above and beyond to keep us all as safe as possible as we ease back into live learning. If you’ve been missing the classroom…
Thinking of Hiring a New Producer? Watch This Video
Navigating the cost of hiring a new producer is no small feat. Whether the person will be on the road or in the office selling insurance, the upfront costs of that new hire can cause a strain on your agency’s cash flow. In this video, InsurBanc’s Patricia Smith explains how an Agency Producer Development Loan…
Near, Far, Wherever You Are – Flood Can Happen!
Celine Dion may live on, but when it comes to flood, can your insureds live with the thousands of dollars in damage a single flood can cause to their home? Or, can you live with knowing you could have offered them flood insurance, but they had no coverage when the flood struck? (Not to mention,…
Motorcycle Question
This question was answered based upon current rules, regulations & statutes in effect on July 21, 2020 QUESTION This question came up and I was wondering what your thoughts were. Where the companies are charging different rates for motorcycles and there are different date first licensed on bikes…etc If my customer only had a auto…
CARVANA
This question was answered based upon current rules, regulations & statutes in effect on July 21, 2020 QUESTION Got a Carvana question for you. Our insured is buying a vehicle from Carvana and getting new plates. They are telling our agency that section K5 on the RTA (Policy Change Date) must be completed. We are…
RMV Error: Titles Printed Twice
MA RMV customers or business partners who were mailed a Certificate of Title printed on 7/21/2020 received two titles with the same information and title number. The Registry is sending a letter to the 748 affected customers, instructing them to destroy one of the copies of the title. The letter is being mailed to the…
Ceded MA Auto – Waiver of Subrogation
This question was answered based upon current rules, regulations & statutes in effect on July 22, 2020 QUESTION We continue to run into an issue where our ceded auto carrier will not provide a waiver of subrogation. Do you know if ceded carriers can refuse to add this endorsement in MA? Any alternative suggestions for…
Travel Trailer
This question was answered based upon current rules, regulations & statutes in effect on July 24, 2020 QUESTION I have a client that works for a business and is allowed to use one of the business vehicles for her own personal use. This client just purchased a 20’ travel trailer but needs an insurance stamp…
Dealer Plate
This question was answered based upon current rules, regulations & statutes in effect on July 28, 2020 QUESTION I just picked up a high net worth client. As I was doing my review the client mentioned that he has almost 50 high end and exotic cars. They are titled to him, but not registered or…
WCRIBMA Adds New Features to Class Code Lookup Tool
Agents who write workers’ comp will appreciate the recent enhancements to WCRIBMA’s Class Code Lookup Tool. In addition to the associated phraseologies and current and historical rating information for each class code, users can now get a full description of the operations covered under each classification; all of the applicable filed and approved footnotes that…
Watch Your Website Language! It Could Lead to an E&O Claim (YES, REALLY!)
Warning: The language you use on your website might be used against you in an E&O claim! We have to admit, we at MAIA’s Number One Agency didn’t take this all that seriously, even when we shared the article below in The Mass Agent’s May 5th edition. But we’ve had a couple of recent wakeup…
RV for Commercial Use
This question was answered based upon current rules, regulations & statutes in effect on July 29, 2020 QUESTION We have a commercial real estate client that is buying an RV to use for the real estate business. They are going to set it up as a mobile office, so the RV will be wrapped advertising…
Help Your Clients Save Lives AND Money with Crash Prevention Training
In Control is a nonprofit organization offering state-certified, closed-course, hands-on crash prevention training that helps save lives and lessen claims. MAIA has made arrangements for In Control to provide our members with promotional materials that you can share with your clients. Starting with back-to-school driving tips (available now), In Control’s content offers a timely touch…
New Vehicle Purchase/Loan Pay Off
This question was answered based upon current rules, regulations & statutes in effect on July 30, 2020 QUESTION One of my account managers has a situation. I know we have provided the correct info but just wanted to run by you… We have a client who is purchasing a vehicle through private sale. The SELLER…